National Republican. (Washington City (D.C.)) 1872-1888, 1887-07-02

This Company owns 10000 acres Of brown
hematite and magnetic iron ore lands, In
Livingston and Lyon counties, Kentucky, be.
tween the Cumberland and Tennessee rivers.
The Chesapeake and Ohio Railroad runs
through this property. Also 400 acres OF coal
land in Hopkins county, Kentucky. about
thirty miles from the iron lands.
The quantity of iron is inexhaustble. The
quality Is Of the best. Prof. David Dale owen,
the noted State Geologlst of Kentucky, In his
official report says that II Is equal to any in
the United States. The ore produces from 55
10 65 per cent OF pure iron. 1t contains very
little phosphorus not over Il to 4 of per
cent. Before the war, large operations were
carried on upon these lands. The celebrated
Hopewell Furnace was on the Companys land;
also the Mammoth Furnace. The quality Of
iron enables the best boiler-plate OF the world
to be made at this point The Hillman Fur
mace property joins these lands. Within FIVE
miles Of this place was the Kelly Furnace.
where the FIRST Bessemer steel was made. This
is q matter OF court record. In quality these
ores are superior to any in the Southwest; in
quantity, they are equal to the richest veins OF
the Lake Superior region, If all were collected
together upon space of about 10000 acres.
THE COAL DEPOSITS.
Tn coal, which is thirty miles farther up
the Chesapeake and Ohio Railroad. is on par
with the iron. The Kentucky coal, now in
extensive use at Memphis, New Orleans. and
other points, is mined within two miles of this
Company's property. There are from seven TO
twelve veins of coal, from four to ten feet in
thickness The vein known as No. u covers
the entire property, and ranges from six to
eight feet In thickness. This vein, as we'll as
Nos. 0, 10, and II, lies above drainage. Prof
d. d. owen says that this vein of No 12 is Of
such quality that 1t can be used raw for
smelling iron. This saves the expense of co,-
ing. The coal, however, makes admirable
coke.
.. OTHER SOURCES OF WEALTH.
This is the only iron property In the South
which has limestone, the necessary fluxing
material, in the very midst OF the iron ore.
The quantity is adequate to the demand Of
every furnace in the South.
On these lands are also found china clay,
potters' clay, fuor-spar fire.brick clay. and
enormous forests of the finest varieties OF tim
ber The nuor-spar has been mined and sold
for els per ton. All the industries which once
made this region flourish and prosper died
down during the war.
most important item IN manufacturing
enterprises of the present is the motive power
for running machinery. The three best are
| coal, natural gas, and water power. OF
these, this Company certainly commands
| two. The only one of the three In
| doubt is natural gas. Experts inform
| the Company that no indications fail which
would lead them to expect the presence OF
natural gas Nearly every we'll of this has
| been discovered along line OF latitude which
runs through this property. 1t is near vas
Il al n1A Tha ara
favorable. The Company intends to bore fol
gas as soon as 1t can get towork. If discovered
| the stock will at once be worth par THE
| Company does not find natural gas, 1t will ther
carry out the other plan for obtaining an un
limited quantity of water power
FOR A WESTERN LOWELL
| The most remarkable natural feature of til,
Company's property is the two rivers which
| run close together at this point. In stragh
| line the distance is "a miles. Along the lin,
OF the railroad, from bridge to bridge, the dis
tance is 2S miles. The Cumberland is jus
| fifteen feet higher than the Tennessee, a
shown by the surveys OF the Chesapeake ant
Ohio Railroad. A canal will be constructed
| which will supply greater quantity of waite
| power than is to be found in the same area II
any place in America or Europe. By means O
the undershot wheel the canal would be abl
to run more manufacturing establishment
than all in Massachusetts, put together.
| NEARNEss TO MARKET.
So much for the coal, iron ore, and motiv
power. These produce articles for sale. Blu
in order to compete successfully with the skill
and capital of the rest of the world 1t is essen
tial that the things produced should be maj
ketable. The chief requisite is cheap trans
portation. If navigation makes cheap irans
portation, then this Company has the cheapes
transportation in the world. This is pract
cally the center of navigation In the Southwest
A glance at the map will demonstrate thi,
Louisville, Cincinnati. Nashville, ST. Louis, an
Memphis are equidstant, and all accessible b
water. All the recent coal and iron ente
prises have been compelled to construct raj
roads to render them accessible. Here on
railroad, which runs from the Gulf of Mexic
TO the Atlantic seaboard, is in active opera
ton. The Ohio Valley Railroad will pas
through the Company's property, rails ba,
ing been laid TO a point twenty mile
distant. Here are the Tennessee, the Gun
berland, the Mississippi, aud the OH
rivers 10 hold them in check. Steamboat
barges and tow.boats solve the problem
cheap transportation. A practical iron and raj
road man has calculated that this compan
can lay down pig iron In the st. Louis mark
So per ton cheaper than from any other poil
in Alabama, Tennessee, or Kentucky.